Flow announces Asian growth strategy
Flow International will cooperate in China with waterjet manufacturer Dardi International Corp.
Flow International Corp. (Kent, Wash., USA), a developer and manufacturer of industrial waterjet machines for cutting and cleaning applications, has announced its growth plans in Asia in conjunction with the start of the 9th China International Machine Tool & Tools Exhibition (CIMES 2009) trade show in Beijing. Part of this plan includes Flow’s relationship with Dardi International Corp., a Chinese waterjet manufacturer. Dardi is based in Nanjing, China, and has three factories near Nanjing and a comprehensive distribution network in China.
Last month, Flow announced that Dardi was the new supplier of its Waterjet Pro line of machines targeted at the economy segment of the market. Flow also reports that it is in discussions with Dardi to obtain a small minority equity stake in Dardi and for both companies to use the other’s distribution capabilities.
“Dardi has capabilities that can accelerate Flow’s growth worldwide and in China”, said Charley Brown, Flow International’s president and CEO. “Dardi is the number one global player in the opening price point, economy segment of the waterjet market, and will provide Flow with a low cost manufacturing base. If our current discussions lead to a mutual distribution arrangement we believe that Dardi will provide Flow with enhanced access for Flow’s products to the high-growth China market. Flow’s relationship with Dardi builds on our pending merger with OMAX Corp. to establish Flow as the number one player in every segment of the global waterjet market.”